Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Craig Mepham
0
Votes |
2
Posts

Owner Occupier Rent Control - Union City

Craig Mepham
Posted

Newbie to Bigger Pockets community and real estate investing in the US (I'm a Aussie). I'm looking to start my real estate journey here in the US and am looking at small multi-family properties in Union City (where I currently live). I just viewed a 3 family property that if rents were market rate would cashflow nicely. However, current rents are all below market value, so I'm wondering if I were to purchase as an owner occupier, am I able to increase rents to market value, or am I stuck with rent controlled rents? Especially with the current eviction moratorium that is in place. I've been reviewing the other posts on bigger pockets and the Hudson county websites but I can't seem to find a definitive answer. Is anyone familiar with the current laws and able to offer any insight or direction? Any info in much appreciated. 

Loading replies...